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Russia faces a $65B budget deficit in 2027 as war spending rises and its domestic bond market shows growing strain.
Russia’s Central Bank sees no realistic path to meeting President Vladimir Putin’s target for expanding the stock market by 2030, a senior official said, as falling share prices and limited investor demand push the goal further out of reach.
Putin approved nearly $60B in extra military spending, pushing 2026 outlays toward 17 trillion rubles and widening the deficit, financed by borrowing and gold s